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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

And while they historically had come up with 100% of their ideas and created the companies themselves, they are increasingly open to funding people with great ideas who want to build businesses with IdeaLab provided the companies will stay be in LA (and preferably Pasadena). They are very hands on. We had a nice discussion on this topic.

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Local Universities Get $360K From DOE For Cleantech Entrepreneurship

socalTECH

Three local universities, plus a Pasadena-based startup, have received a $360,000 grant to promote student entrepreneurship in clean technology. Department of Energy to help foster student entrepreneurs via a business plan competition run by the group called First Look West. OnGreen said it is the commercial partner for the effort.

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University Students Get $200K For Clean Technology Startups

socalTECH

The Western Regional winners at Caltech were determined by a panel of judges from Mohr Davidow, Khosla Ventures, Kleiner Perkins, Sierra Ventures, CalCEF Clean Energy Angel Fund, the Angeleno Group and the Pasadena and Tech Coast Angels. READ MORE>>.

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Southern California Teams Named Cleantech Open Semifinalists

socalTECH

The Cleantech Open , the clean technology focused business competition, has named the semifinalists for its 2010 competition, indicating a number of Southern California firms are semifinalists in the competition.

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Caltech Leads $122M Energy Effort

socalTECH

Department of Energy is continuing its efforts to fund new energy innovation projects, saying Thursday that it is awarding up to $122M in funding to a project being led by the California Institute of Technology , based out of Pasadena. According to U.S. The new effort will be directed out of Caltech by Professor Nathan S.

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Metacloud Launches Private Cloud Service

socalTECH

Pasadena-based Metacloud , the venture-backed provider of OpenStack-based cloud services has launched its own private cloud service, the company said this morning. Pricing on the new Private Cloud offering from Metacloud was not announced.

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Central Desktop Launches Its Own Take On Twitter

socalTECH

Pasadena-based Central Desktop has jumped into the enterprise micro-blogging area, saying Monday that it has launched a new tool which allows companies to use Twitter-style updates within the firm's project management software. The new microblogging tool, like Twitter, also supports updates via mobile phones, using SMS. READ MORE>>.

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